Tag: Chia-Li Chien (page 2 of 3)

How to Counsel Clients Without Shaming Them?

How to Counsel Clients Without Shaming Them?    Dr. Ekta Kumar opened up the webinar by explaining the difference between the interchangeable words; shaming and guilt. Shaming she said is having a judgment on an individual. It can then be hard to make change happen when feeling overwhelmed with this emotion. For example, “I’m terrible at […]

Why Should Business Owners Consider Section 1202

Why Should Business Owners Consider Section 1202  What is Section 1202? The Qualified Small Business Stock (“QSBS”) gains exclusion is known as Internal Revenue Code Section 1202. Section 1202 allows a portion or 100% eligible capital gains from QSBS to be excluded from federal income tax. The exclusion applies only to QSBS held for more […]

What Should You Know About Asset Protection Trust

What Should You Know About Asset Protection Trust A Domestic Assets Protection Trust (“DAPT”) is an irrevocable trust which is generally formed as a defective grantor trust to benefit the trustor. A properly-structured DAPT shields trust assets from the claims of creditors of the trustor, making it a particularly attractive estate planning tool for business […]

Generation-Skipping Transfer Planning Consideration

A generation-skipping transfer (GST) occurs at the time a property is gifted or bequeathed to generations who are two or more below that transferor (Tomin & Carcone 2018). The person who is two or more generations below the transferor is defined as a skip person, could include family members or unrelated people. In the case […]

The Advantages of QTIP Trust

A qualified terminable interest property trust (“QTIP Trust”) refers to a trust that allows for a marital deduction for property passing to a trust for the benefit of the surviving spouse, even though the decedent controlled the passing of trust property at the surviving spouse’s death. The QTIP Trust ensures a spouse to give a […]

Two Practical Estate Planning Strategies for Trust

Trust is not the luxury of wealthy people; it also works for net worth falls within the federal estate tax exemption. According to the IRS 2020, the federal estate and gift tax exemption is $11.58 million for an individual and $23.16 million for a married couple in 2020. The reason for trust is an excellent […]

Planning in a Pandemic: What Your Clients Should Do Now?

Discussion topics will include strategies that enable clients to take advantage of the current depressed asset values and low rates, the value of growth of assets outside of the federal and state (if applicable) estate tax, the benefit of paying taxes on behalf of a grantor trust and implementation considerations when making the gift. Key […]

NAIFA LA: Selling a Planning Practice: The Relationship between Revenue Multiple and Revenue Size

NAIFA LA Meeting: Selling a Planning Practice: The Relationship between Revenue Multiple and Revenue Size The owner’s financial service business is required to meet industry compliance, as well as the owner’s retirement, needs to exit successfully. To do so, they often rely on appraisers or financial intermediaries to facilitate the exit or succession transition. The […]

WIFS Enhancing Retirement Success Rates In The United States

WIFS – Los Angeles Chapter Meeting: Enhancing Retirement Success Rates In The United States How successful are U.S. retirees at sustaining assets from retirement to death? What retirement strategies will enhance their ability to live a successful retirement? Come learn from: Dr. Chia-Li Chien, PhD, CFP, PMP Assistant Professor & Director of Financial Planning Program […]

Entrepreneur? Business Owner? You Face More Complex Retirement Planning

Chien, C.-L. (2020, Feb 12). Entrepreneur? Business Owner? You Face More Complex Retirement Planning. TheStreet: Retirement Daily.

Older posts Newer posts